SPOOZ Inc (SPZI)

[ITGuy]

Email from Paul regarding 504 dilution...

I asked about the 504s and that it seemed like with the additional O/S shares, the amount raised by the company should be around 600k.

Quoted below:

"$600K at retail prices, yes, but not for 504 financiers. What you have seen is an increase for the $200,000 to complete the 504s. They are now complete and we will hold the authorized shares exactly where they are currently for the foreseeable future.

We did exactly what we said we were going to do, but the prices were set long before the most recent rally began."

ITGuy